Monday, March 16, 2020

Stockton University, Atlantic City Development Corp. to Build New Student Housing

by John Jordan Globest.com
Stockton University and the Atlantic City Development Corp. have announced a public-private partnership to build a new student residence hall at Stockton University Atlantic City.

Phase two of the partnership, which was announced on Friday, will involve the construction of a 140,000-square-foot building that will feature apartment-style living with a total of 416 beds. There will also be a lounge, meeting room and laundry facilities. Residents will have access to parking in the existing parking garage.
Published reports have put the cost of the new project at more than $60 million.

In consideration of precautions taken to stem the spread of the coronavirus, a planned March 27 groundbreaking for the new Residence Hall was postponed, according to an update provided by Stockton University on Saturday.
The construction will continue the public/private partnership with AC Devco, which developed the first Gateway initiative that includes the Stockton Atlantic City campus, South Jersey Gas headquarters and AtlantiCare Urgent Care.

“Stockton University and its partners set the stage for a new economic development strategy with the Gateway initiative,” said AC Devco President Christopher Paladino. “Today thousands of students, staff, visitors, and employees of Stockton, South Jersey Gas and AtlantiCare have changed the tempo of the streets of Chelsea. This Phase II investment will further add to the vibrancy of the neighborhood.”

Stockton Atlantic City opened in fall 2018 with an academic building, 543-bed residential complex and parking garage. This spring, almost 1,500 students are taking at least one class in the John F. Scarpa Academic Center.
Stockton President Harvey Kesselman said, “We are excited to be able to expand our presence in Atlantic City and contribute to creating a more diversified economy. The new residence hall will allow even more students to live, learn and earn in Atlantic City through academic, internship and employment opportunities.”

Demolition of the Eldredge Building is anticipated for the summer of 2020 with construction of the new Residence Hall to begin in the fall. The target completion date for students to move in is in the fall of 2022.
www.omegare.com

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